A screen shows the Hertz logo during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York, November 9, 2021.
Brendan McDermid | Reuters
Check out the companies making headlines before the bell:
Chegg — Shares fell 22.7% after Monday’s earnings report. According to Refinitiv, the company gave first-quarter and full-year revenue guidance that was below analyst expectations. Chegg noted subscriber growth challenges and concerns related to the health of the broader economy.
Baidu — Shares rise more than 13% after Baidu says it will launches its own artificial intelligence chatbot that would be called in English “Ernie Bot”.
Outdoor shower bed – Shares fell 30% after Bed Bath & Beyond announced a public offering to raise about $1 billion.
Oak Street Health – Oak Street Health shares jumped more than 36% after the Wall Street Journal reported CVS Health is close to reaching a $10.5 billion deal for a primary care provider. CVS stock was little changed.
Hertz — Shares jumped more than 4% after Hertz reported results that beat earnings per share and revenue expectations, according to FactSet.
Technology ZoomInfo — Shares fell more than 11% following ZoomInfo Technologies’ latest earnings results. According to FactSet, this software company has beaten both in terms of profitability and profitability. However, it posted a lackluster revenue outlook for the first quarter and full year.
spirit airline — Airline shares rose 3% on premarket after the company posted better-than-expected fourth-quarter earnings. Spirit Airlines reported earnings of 12 cents per share excluding items, 9 cents higher than analysts’ estimates, according to FactSet.
skyworks solution — Shares jumped more than 2% after Skyworks Solutions announced a $2 billion share buyback program. The announcement helped investors overlook the semiconductor company’s small lack of earnings for the most recent quarter.
Activating blizzard — Shares rose 2% after Activision Blizzard beat revenue expectations for its most recent quarter. According to Refinitiv, the company reported revenue of $3.57 billion, well above consensus expectations of $3.16 billion in revenue.
Pinterest – Pinterest stock fell more than 1% after the image-sharing company posted mixed earnings results. The company reported earnings of 29 cents per share, above forecasts of 27 cents per share, according to consensus expectations from Refinitiv. However, revenue came in at $877 million, well below the $886 million estimate.
DuPont de Nemours — Shares fell 2% after DuPont de Nemours released earnings results for the most recent quarter. The company beat profit and profit expectations, but its guidance for first-quarter earnings and revenue was much lower than estimates.
Leggett & Platt — Shares fell more than 1% after Leggett & Platt reported disappointing earnings results, according to consensus expectations on FactSet.
— CNBC’s Alex Harring and Yun Li contributed reporting
